Analysis of the implementation of interpretation of financial accounting standards (ISAK) 35

Ulfiyah, Lailatul and Djalaluddin, Ahmad ORCID: https://orcid.org/0000-0001-7062-663X (2024) Analysis of the implementation of interpretation of financial accounting standards (ISAK) 35. Shafin: Sharia Finance and Accounting Journal, 4 (2). pp. 1-12. ISSN 2797-3484

Text 22653.pdf - Published Version Available under License Creative Commons Attribution Non-commercial. Download (486kB)

Abstract

Pondok Pesantren Sabilul Muttaqinis one of the largest Islamic boarding schools in Mojokerto. Therefore, this pesantren should serve as a role model in conducting activities and maintaining proper financial records for other pesantren. The main purpose of this research is to understand and analyze the application of ISAK 35 in the financial reporting of the pesantren. This study uses a qualitative descriptive method with a case study approach. Data collection techniques include observation, interviews, and documentation. The data analysistechnique in this study follows Miles and Huberman's interactive model, consisting of data collection, data reduction, data presentation, and conclusion drawing. This research was conducted at Pondok Pesantren Sabilul Muttaqin Mojokerto, with subjects including the caretaker of the pesantren, the head of the pesantren, the treasurer, and several relevant sources, such as administrators, student guardians, and students at Pondok Pesantren Sabilul Muttaqin Mojokerto. The results of this study show that the financial statements of Pondok Pesantren Sabilul Muttaqin Mojokerto have not been prepared based on ISAK 35 because the treasurer of the pesantren is not familiar with and has not studied financial statements for non-profit entities. As a result, records only cover incoming and outgoing cash transactions. Additionally, the treasurer's educational background does not emphasize financial matters. However, after conducting the research, the pesantren's financial statements were found to comply with ISAK 35 principles. These reports include comprehensive income statements, cash flow statements, financial position reports, net asset change reports, and CALK (Notes to Financial Statements), making it easier and more accurate to collect financial information relatedto Pondok Pesantren Sabilul Muttaqin Mojokerto

Item Type:	Journal Article
Keywords:	Islamic Boarding School; Financial Reports; ISAK 35
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability
Divisions:	Faculty of Economics > Department of Accounting
Depositing User:	Dr. Ahmad Djalaluddin
Date Deposited:	18 Dec 2024 09:20

Downloads

Origin of downloads

Actions (login required)

View Item